l9n/ Oregon

2015 Regular Session

Senate Bill 567

Directs Oregon Department of Administrative Services, not later than May 15 of each odd-numbered year, to estimate annual personal income tax liability from taxable capital gains during three consecutive tax years beginning January 1 of even-numbered year falling within immediately preceding biennium.

Did not become law. It stopped in the Senate on July 3, 2015. The 2015 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Directs Oregon Department of Administrative Services, not later than May 15 of each odd-numbered year, to estimate annual <i>average revenue received</i>] <b>personal income tax liability</b> from taxable capital gains during <i>two</i>] <b>three</b> consecutive tax years beginning January 1 of <b>even-numbered year falling within</b> immediately preceding <i>odd-numbered year</i>] <b>biennium</b>. Directs Oregon Department of Administrative Services, not later than June 30 of each odd-numbered year, to calculate excess of amount estimated for most recent two-year period over amount estimated for <i>two-year</i>] <b>three-year</b> period <i>immediately preceding most recent two-year period</i>] <b>beginning in preceding biennium</b>. Directs Department of Revenue to transfer amount equal to twice amount of any excess to Education Stability Fund. Directs Department of Revenue to make transfer out of unreceipted revenue <b>and to make first transfer not prior to June 1, 2019</b>. Directs Oregon Department of Administrative Services to make first estimate not later than May 15, 2017<b>, for three consecutive tax years beginning January 1, 2014</b>. Takes effect on 91st day following adjournment sine die.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

    1 co-sponsor

    SFR

    Its course

    February 3 to July 3, 2015, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action19 actions on 17 days

    In the SenateFeb 3 to May 19105 days

    Waiting for a committeeFeb 3 to Feb 41 day

    Finance and RevenueFeb 4 to May 1297 days

    In the House of RepresentativesMay 19 to Jul 143 days

    Waiting for a committeeMay 19 to May 223 days

    RevenueMay 22 to Jun 3039 days

    Back in the SenateJul 1 to Jul 3 · stopped2 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • Senate, third reading25–4

      Passed · May 19 · 1 present

    • House of Representatives, third reading37–22

      Passed · Jul 1 · 1 present

    • Senate, third reading11–18

      Jul 3 · 1 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted May 12

    • House of Representatives committee amendmentAdopted

      Adopted Jun 30

    Text

    Each version as the Legislative Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

    In the Senate Feb 3 – May 19

    1. Feb 3Introduced
    2. Feb 4Sent to Finance and Revenue
    3. Feb 11Heard in Finance and Revenue
    4. Apr 9Heard in Finance and Revenue
    5. Apr 21Heard in Finance and Revenue
    6. May 6Heard in Finance and Revenue
    7. May 12Finance and Revenue recommended it as amended
    8. May 13Read a second time
    9. May 19Passed the Senate, 25 to 4

    In the House of Representatives May 20 – Jul 1

    1. May 20Arrived in the House of Representatives
    2. May 22Sent to Revenue
    3. Jun 29Heard in Revenue
    4. Jun 30Revenue recommended it as amended
    5. Read a second time
    6. Jul 1Passed the House of Representatives, 37 to 22

    Back in the Senate Jul 3

    1. Jul 3The Senate refused the other chamber's changes
    All 19 actions, as published
    1. Feb 3Introduction and first reading. Referred to President's desk.Senate
    2. Feb 4Referred to Finance and Revenue.Senate
    3. Feb 11Public Hearing held.Senate
    4. Apr 9Public Hearing held.Senate
    5. Apr 21Public Hearing held.Senate
    6. May 6Work Session held.Senate
    7. May 12Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    8. May 13Second reading.Senate
    9. May 14Taken from 05-14 Calendar and placed on 05-18 Calendar on voice vote.Senate
    10. May 18Carried over to 05-19 by unanimous consent.Senate
    11. May 19Third reading. Carried by Boquist, Hass. Passed.Senate
    12. May 20First reading. Referred to Speaker's desk.House of Representatives
    13. May 22Referred to Revenue.House of Representatives
    14. Jun 29Public Hearing and Work Session held.House of Representatives
    15. Jun 30Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
    16. Jun 30Second reading.House of Representatives
    17. Jul 1Third reading. Carried by Read. Passed.House of Representatives
    18. Jul 3Senate refused to concur in House amendments.Senate
    19. Jul 3Ferrioli, changed from aye to nay and served notice of possible reconsideration.Senate